1008 WELLINGTON STREET W
Ottawa, Ontario K1Y2X9

$6,995,000

ID# X9516527
Discover a rare investment opportunity in Ottawa’s revitalized Hintonburg neighborhood. This mixed-use property on Wellington Street West offers 6 commercial units over 10,185 sq.ft. of retail space and 11 residential units above, all fully occupied. With over 140 feet of prime frontage, this property is the largest site between Parkdale and Somerset Street West, covering approximately 20,039 sq. ft.\r\n \r\nThe property generates a gross income of $586,658, with operating expenses of $228,965, producing a net operating income of $357,693. Its prime location provides easy access to Tunney’s Pasture, Bayview LRT Station, LeBreton Flats, and the Queensway via Parkdale Avenue. Zoned TM11, the property allows for diverse uses and a development height of 20 meters (65 feet), making it ideal for future residential intensification redevelopment. This property is a secure, lucrative investment offering steady rental income and significant growth potential in a vibrant, artistic community. (id:25961)

ROSS LECKY

SALES REPRESENTATIVE

Office: 613-592-6400

rosslecky@royallepage.ca

Courtesy of ACERTA REALTY INC.
Listed on: July 31, 2024

On market: 120 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
1304 AVENUE P AVENUE Ottawa
1304 AVENUE P AVENUE
 $814,900 3 3 79.99 FT ; 1 Ottawa EXP REALTY
470 TRIDENT MEWS Ottawa
470 TRIDENT MEWS
 $710,000 3 3 25.42 x 98.31 FT ; 0 Ottawa INNOVATION REALTY LTD.
1564 SCOTTANNE STREET Ottawa
1564 SCOTTANNE STREET
 $1,099,000 5 3 104.69 x 200.19 FT ; 0 Ottawa ROYAL LEPAGE TEAM REALTY
344 TUCANA WAY Ottawa
344 TUCANA WAY
 $899,900 4 3 40.03 x 108.27 FT ; 0 Ottawa COLDWELL BANKER SARAZEN REALTY
1313 - 255 BAY STREET Ottawa
1313 - 255 BAY STREET
 $3,100 2 2 Ottawa SLEEPWELL REALTY GROUP LTD
51 - 5450 CANOTEK ROAD Ottawa
51 - 5450 CANOTEK ROAD
 $449,900 - - 0 Ottawa SOLID ROCK REALTY
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ROSS LECKY

SALES REPRESENTATIVE

Direct: 613-447-7676

rosslecky@royallepage.ca

Royal LePage Team Realty

484 Hazeldean Road

Kanata ON K2L 1V4

Office: 613-592-6400

Toll Free: 1-800-307-1545

2019

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